On Tuesday, the Cubs extended the contract of Will Ohman and avoided arbitration with the left hander. The Cubs agreed to a 2-year, $2.5 million dollar contract with Ohman according to a report on Yahoo Sports. Here are the details of the deal:

“Ohman will get $900,000 next season and $1.6 million in 2008. He would earn a $100,000 bonus for appearing in 75 games next season and 70 the following year, and he would get $200,000 for making 80 appearances in 2008.

Ohman would earn $25,000 each year for finishing 15 games, $50,000 for finishing 20 and 25, $100,000 for finishing 30 and $150,000 for finishing 35.”

Will update if more information becomes available….

Update – 7:57pm C.T. – According to a report on Cubs.com, Mark Prior did ask for a raise on Tuesday. Prior made $3.65 million for 9 starts in 2006 and is asking for $3.875 million for 2007….the Cubs offered $3.4 million. This one could get ugly….